Slovenia’s largest bank, NLB, has formally launched a renewed voluntary public takeover offer for Austria’s Addiko Bank AG, opening what could become one of the more significant banking acquisitions in the region. The offer covers all 19.5 million ordinary shares of Addiko Bank and is set at 29 euros in cash per share, including the dividend for the 2025 financial year. If all shareholders accept the offer, the transaction would be valued at around 565 million euros.
The acceptance period began on May 13, 2026, and will run until July 22, 2026, at 17:00 CET. NLB is seeking to secure at least 75 percent of Addiko’s total voting rights, equal to 14,465,357 shares, which would give the Slovenian bank control over Addiko. If the required conditions are met, an additional acceptance period could run from July 27 to October 27, 2026.
The takeover still depends on several conditions, including approval from competition authorities and banking regulators, including proceedings before the European Central Bank. The offer memorandum has already been approved by the Austrian Takeover Commission. Shareholders who want to accept the offer are instructed to contact their custodian bank no later than three trading days before the acceptance period expires.
Addiko Bank, based in Vienna, operates across Austria, Croatia, Slovenia, Bosnia and Herzegovina, Serbia and Montenegro. It was created from the former Hypo Alpe-Adria banking system and has in recent years focused on digital banking, consumer lending and financing for small and medium-sized enterprises. For NLB, the potential acquisition is presented as strategically important because it would strengthen the group’s position in Southeastern Europe, where it already has a significant banking and financial presence.
